HomeMy WebLinkAboutCity Council Resolution 1989-457CITY OF PLYMOUTH
10 Pursuant to due cAll and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 7th day of A„g„Gt
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, 2itur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-457
REDUCING DEVELOPMENT BOND
WILD WINGS 2ND ADDITION (88046)
WHEREAS, in accordance with the development contract dated December 5, 1988, Devries
Builders, Inc., David C. Bell Investment Company, developer if Wild Wings 2nd Addition
(88046), has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading
as noted below; and
WHEREAS, the developer has requested a reduction of the development bond to reflect the
completed work;
.NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction (does not include
Schmidt Lake Road, Proj. 705)
Sanitary Sewer
Watermain
Storm Sewer
Boule•7ard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit #17583)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 26,382
$ 6,000
55,895
-0-
20,438
-0-
14,255
-0-
2,600
2,600
-0-
-0-
300
300
-0-
-0-
5,500
15,044
5,500
1,728
$ 140,414 $ 16,128
That the letter of credit required for the above items be reduced as detailed above
from $40,067 to $16,128 to reflect the completed work.
Resolution No. 89- 457
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development co.,tract be reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (For financial
information see Grading
Permit No. 17583) Cash: $-0-
Letter of Credit: $-0-
The motion for the adoption of the fo-egoing Resolution was duly seconded by
ro.ancil± r Ricker , and upon vote being taken thereon, the following voted
in fivor chereof: Mayor Schneider, Councilmembers Vasilin„- Ririgpr- 71t-ir snA ,
Sisk
The following voted against or abstained: None
Whereupon the 11.esolution was declared duly passed and adopted.